St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-12-21
THE COMMERCIAL RECORD.
There Was an Unexpected Increase in
the Arrival Of Hogs at Chicago
Yesterday.
As a Consequence There Was Some
Fluctuati0n in the Price OF the
May Option.
Transactions in the Financial Circles
of Wall Street.-The General
Quotations.
Snecial to the Globe.


CHICAGO Dec 2O-There was a superb
bundance of hogs at the yards this morning,
10000 above the estimates, or 10000 in all.
The prices averaged 15620c lower and the
big run broke the back of the provision mar
ket. Pork opened soc off and pork and ribs
10615c lower. May pork at once sold down
TO SIS. 27I2, break of 45c from yesterday.
May lard struck s.. 10 and March ribs S1.72l2.
The market moved up to about the opening
range about which it chung nervously and
rneasily at 5000. The packers are IN a
broad grin this morning and predict big
holiday run of hogs and lower prices for
hogs and provisions. Corn started in easier,
in sympathy with provisions; May dropped
to 53c. There was excellent buying at the
decline and prices went to 537sc. Mitchell
& Brokers, from the provisions pit, mad
large orders above 53c, and the market ruled
firm after the first break. May wheat sold al
S2s4@527sc soon after the opening, but
there were plenty of buyers for it up
TO S37sc, to when point it assembled
by noon. The feeling was bullish through
out after the initial dip, and an advance of a
full lie from the inside range was established
by noon, January going from 7555c to 76S4c,
and May from S2s4c to S37Sc. There has all
along been a general sentiment that wheat
was good purchase from reactions reached
on the recent boom, and every boom broker
strikes a mass of buying orders that lies
sleeping in the hands of commission mer-
chants. The market has elements of
strength that convince the professionals
that they cannot break through. Corn too,
acts strong. There was excellent buying
from So to sac to-day, and the bull feeling
developed strength and force as the frac-
tions were picked up. The market held firm
at the improvement, suffering only slightly
reaction from extreme prices. The promise
of continued large receipts is not being full
filed, estimated arrivals for tomorrow being
only 175 cars. The reduction in rates west
of here it is expected will increase
the movement, but several days
must elapse before the accuracy of
this theory can be determined.
There was some selling to-day by tired
longs who bought on the boom two or three
weeks ago, and carried their property back
on the down grade. To such the market is
exceedingly unsatisfactory. The provision
deal is not losing its pictuTesqueness or
color, interest deepens instead of anguish
ing. To be sure there was not rush of bust
ness on the decline, but an enormous amount
of money is involved, and the contending
forces are willing to stand pat and await
noted are large to day, and they will be to-
morrow, and possibly for the remainder of
the week, but the record OF the season is
favorable to the bulls. Hogs received in
Chicago, St. Louis. Kansas City, Cincinnati
and Indianapolis are fewer in mum Der than
last year, and run from fifteen 10 forty
pounds lighter. The 1 o'clock range Of
prices shows a gain on the day of I2c on
wheat and corn, and loss of 22I2@27c on
pork; 5@7I2c on lard and 7I2@12Ia on ribs.
THE ROUTINE REPORT.
CHICAGO, Dec. 20.-There was an uneX-
pected increase in the arrival of hogs re-
in provisions. May pork, which closed yes
terday at $3.50 bid, opened at $3.50 and
dropped quickly to SIS. 27l2. May lard.
which closed Yesterday at SS.25, opened at
but during the day the price went to $500,
at which figure it was firm. May wheat
opened at S3c and the market was depressed
at first by the lower prices of pork. 1t
touched 92s4@S27se, but large buying sent it
up again to $3.50. May corn started at 53Isc.
dropped to 53c and then went up to 535Sc in
the early hours. After this it touched sac
on bad weather, and estimated light receipts
and held quite firm at about this figure.
THE QUOTATIONS.
The leading futures ranged as follows:
Wheat-No. 2 December opened at 75I2c,
closing at 76sse; January. 75s4c, closing at
fOoSC, MdECu GIOS6u III MAY. COC, CLOS
ing at S3slc. Corn-NO. 2 December opened
at 475sc, closing at 4SI2e; January, 47I2c,
closing at 495sc; May, 53lsc, closing at
54Isc. 0ats-No. 2 January opened at
30I2c. closing at 3034c; May. 33l2c, closing
at 337sc. Mess Pork, per bbl-January opened
at SLID, closing at S14.S0; February,
SI4.95; May, S15. DO. closing $500 Lard,
per 100 lbs-January opened at S7.72I2,
closing at $3.50; February, S7.S2I2, closing
at 81. 80: March, S7.92l2, closing at S7.97I2;
May, So 1912 closing at So 20. Short Ribs.
per 100 lbs-January opened at S7.57I2,
closing at $40; February, S7.6712, closing
at $3.50; Marcn. $3.50, closing at $3.50;
May, S7.95, closing at SS.07I2.
Cash quotations were as follows: Flour
quiet and firm. Wheat-No. 2 spring, 76lsc
bid; No, 8 spring, 65@67c; No. , red, use.
Corn, No. 2 4SI2c. Oats, No. 2, Sic. Rye,
No. 2, 62c Barley, No. 2, 70@76c. Flax
seed, No. l, Sl.26@1. 264. Prime timothy
seed, 81. 2962 80. Mess pork, per Dbl,
614.5C@14.75. Lard, per 100 lbs, S7.77l2@
80. Short rib sides (loose). 81 6O@7 .62I2.
Dry sailed shoulders. boxed, So. 90@5.96.
Short clear sides, boxed, SSGGS.05. Whisky
distillers' finished goods, per gallon, S1.10.
Sugar-Cut loaf. 7Sl@S4c; granulated,
1-5c: standard "A &c. Receipts-Flour,
81, 600 bblss wheat, 10000 bu; corn, 124,-
900 bu; OATS $4,000 bu; rye, 1000 bu:
barley, SO, 900 bu. Shipments-Flour. 81
900 bu; wheat 81 900 bu; corn, $4,000 bu;
oats, 10000 bu; rye. 5000 bu; barley,
$4,000 bu. On the produce exchange to-day
the butter market was easier: extra cream
cry, 2712@29c; fancy dairy, 24925c. Eggs,
2lI2Q22I2c.